Kenya: Market for Continuous-Action Elevators And Conveyors 2024

Market Size for Continuous-Action Elevators And Conveyors in Kenya

The Kenyan continuous-action elevators and conveyors market expanded significantly to $X in 2023, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated prominent growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. Continuous-action elevators and conveyors consumption peaked at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Exports of Continuous-Action Elevators And Conveyors

Exports from Kenya

In 2023, approx. X units of continuous-action elevators and conveyors were exported from Kenya; with a decrease of X% compared with the previous year. In general, exports recorded a noticeable contraction. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

In value terms, continuous-action elevators and conveyors exports fell to $X in 2023. Overall, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports attained the peak of $X. From 2014 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Rwanda (X units) was the main destination for continuous-action elevators and conveyors exports from Kenya, accounting for a X% share of total exports. Moreover, continuous-action elevators and conveyors exports to Rwanda exceeded the volume sent to the second major destination, Uganda (X units), twofold. The third position in this ranking was taken by Tanzania (X units), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Rwanda totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (X% per year) and Tanzania (X% per year).

In value terms, Uganda ($X), Rwanda ($X) and Tanzania ($X) constituted the largest markets for continuous-action elevators and conveyors exported from Kenya worldwide, together accounting for X% of total exports.

Among the main countries of destination, Rwanda, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average continuous-action elevators and conveyors export price amounted to $X per unit, with an increase of X% against the previous year. In general, the export price, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2019 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uganda ($X per unit), while the average price for exports to Botswana ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (X%), while the prices for the other major destinations experienced a decline.

Imports of Continuous-Action Elevators And Conveyors

Imports into Kenya

For the third year in a row, Kenya recorded growth in overseas purchases of continuous-action elevators and conveyors, which increased by X% to X units in 2023. In general, imports posted resilient growth. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Imports peaked at X units in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, continuous-action elevators and conveyors imports surged to $X in 2023. Over the period under review, imports posted a modest expansion. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2023, imports remained at a lower figure.

Imports by Country

China (X units), India (X units) and France (X units) were the main suppliers of continuous-action elevators and conveyors imports to Kenya, with a combined X% share of total imports. The Netherlands, Turkey, South Africa, Italy, the United States and Germany lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of continuous-action elevators and conveyors to Kenya, comprising X% of total imports. The second position in the ranking was held by India ($X), with an X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and France (X% per year).

Import Prices by Country

In 2023, the average continuous-action elevators and conveyors import price amounted to $X per unit, growing by X% against the previous year. Overall, the import price, however, saw a deep contraction. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform